https://www.taxtmi.com/caselaws?id=239703 An exemption for goods consumed in the manufacture of animal feed was strictly construed, and niacin feed premix was treated as a feed ingredient rather than animal feed itself, so the exemption under Notification No. 10/96-CE was denied. Captively manufactured goods were required to be valued under Rule 8 of the Central Excise Valuation Rules on CAS-4 basis where the cost data did not properly capture the required production costs, and that valuation method was upheld. Cenvat credit was also denied once exemption failed, but penalty was set aside because the legal position was considered unclear and the relevant facts had been disclosed. en-us Fri, 30 Aug 2013 00:00:00 +0530 Wed, 20 May 2015 17:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=239703 An exemption for goods consumed in the manufacture of animal feed was strictly construed, and niacin feed premix was treated as a feed ingredient rather than animal feed itself, so the exemption under Notification No. 10/96-CE was denied. Captively manufactured goods were required to be valued under Rule 8 of the Central Excise Valuation Rules on CAS-4 basis where the cost data did not properly capture the required production costs, and that valuation method was upheld. Cenvat credit was also denied once exemption failed, but penalty was set aside because the legal position was considered unclear and the relevant facts had been disclosed. Case-Laws Central Excise Fri, 30 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=239703